A 9% semiannual coupon bond matures in 4 years. The bond has a face value of $1,000 and a current yield of 9.0000%. What are the bond's price and YTM? (Hint: Refer to Footnote 6 for the definition of the current yield and to Table 7.1) Do not round intermediate calculations. Round your answer for the bond's price to the nearest cent and for YTM to two decimal places.

TABLE 7.1 Calculation of Current Yields, Capital Gains Yields, and Total Returns for 5\%, 8\%, and 11\% Coupon Bonds When the Market Rate Remains Constant at 8\% - Using a financial calculator, the price of each bond is calculated by entering the data for N, IYR, PMT, and FV, then solving for PV = the bond's value. b The expected current yield is calculated as the annual interest divided by the price of the bond. - The expected capital gains yield is calculated as the difference between the end-of-year bond price and the beginning-of-year bond price divided by the beginning-of-year bond price. d The expected total return is the sum of the expected current yield and the expected capital gains yield